>From one of those Working Paper abstract services: > "Internationalized Production in World Output" > > BY: ROBERT E. LIPSEY > National Bureau of Economic Research, New York > MAGNUS BLOMSTROM > Stockholm School of Economics > ERIC RAMSTETTER > Kansai University, Japan > > Paper ID: Stockholm School of Economics WPS80-11/95 > Date: Undated > > Contact: Magnus Blomstrom > E-Mail: MAILTO:[EMAIL PROTECTED] > Postal: Stockholm School of Economics, Department of > Economics, Box 6501, 113 83 Stockholm, > Sweden > Phone: +46-8-736 9265 > Fax: +46-8-34 78 18 > ERN Ref: TRADE:WPS96-121 > > PAPER REQUEST: Carin Blomkvist, E-Mail: MAILTO:[EMAIL PROTECTED] > Postal: Stockholm School of Economics, Box 6501, S-113 83 > Stockholm, Sweden. > > > Internationalized production, that is, production by > multinational firms outside their home countries has > increased over the last two decades, but it was still, in > 1990, only about 7 per cent of world output. The share was > higher, at 15 per cent in "industry", including > manufacturing, trade, construction, and public utilities, > but it was negligible in "services", which are about 60 per > cent of world output. Given all the attention that > "globalization" has received from scholars, international > organizations, and the press, these numbers are a reminder > of how large a proportion of economic activity is confined > to single geographical locations and home country ownership. > Internationalization of production is clearly growing in > importance, but the vast majority of production is still > carried out by national producers within their own borders. > > JEL Classification: F23 Doug -- Doug Henwood Left Business Observer 250 W 85 St New York NY 10024-3217 USA +1-212-874-4020 voice +1-212-874-3137 fax email: <[EMAIL PROTECTED]> web: <http://www.panix.com/~dhenwood/LBO_home.html>
